Q3 Industrial Production Rose 1.8%, 1st Quarterly Increase in a Year

Washington, DC, October 17, 2016—Industrial production edged up 0.1% in September after falling 0.5% in August, according to the Federal Reserve.

For the third quarter as a whole, industrial production rose at an annual rate of 1.8% for its first quarterly increase since the third quarter of 2015.

Manufacturing output increased 0.2% in September and moved up at an annual rate of 0.9% in the third quarter.

In September, the index for utilities declined 1.0%; mining posted a gain of 0.4%, which partially reversed its August decline.

At 104.2 percent of its 2012 average, total industrial production in September was 1.0% lower than its year-earlier level.

Capacity utilization for the industrial sector edged up 0.1 percentage point in September to 75.4%, a rate that is 4.6 percentage points below its long-run (1972–2015) average.